PulteGroup, Inc. (NYSE:PHM) insider James R. Ellinghausen sold 67,490 shares of PulteGroup stock in a transaction on Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of PulteGroup, Inc. (NYSE PHM) traded up $0.49 during midday trading on Thursday, hitting $33.59. The stock had a trading volume of 5,180,195 shares, compared to its average volume of 5,087,193. PulteGroup, Inc. has a twelve month low of $18.18 and a twelve month high of $34.60. The stock has a market capitalization of $9,870.00, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.25 and a current ratio of 0.25.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. PulteGroup’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. research analysts expect that PulteGroup, Inc. will post 2.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.07%. The ex-dividend date is Monday, December 11th. PulteGroup’s dividend payout ratio is currently 17.65%.
A number of brokerages have recently commented on PHM. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a research report on Wednesday, November 1st. BidaskClub upgraded PulteGroup from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Bank of America set a $34.00 target price on PulteGroup and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $22.00 target price (down previously from $27.00) on shares of PulteGroup in a report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.92.
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in PulteGroup by 1.5% in the second quarter. Vanguard Group Inc. now owns 27,962,696 shares of the construction company’s stock valued at $685,925,000 after buying an additional 403,573 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of PulteGroup by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 10,574,407 shares of the construction company’s stock valued at $288,984,000 after purchasing an additional 67,782 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of PulteGroup by 3.0% during the second quarter. Royal Bank of Canada now owns 4,813,036 shares of the construction company’s stock valued at $118,064,000 after purchasing an additional 141,369 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of PulteGroup by 1.0% during the third quarter. American Century Companies Inc. now owns 4,774,847 shares of the construction company’s stock valued at $130,497,000 after purchasing an additional 45,977 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of PulteGroup by 150.9% during the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock valued at $49,779,000 after purchasing an additional 1,220,579 shares during the last quarter. 84.80% of the stock is owned by hedge funds and other institutional investors.
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PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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